Economic Awareness - Sectors of Indian Economy
Which of the following is an example of a quasi-public good?
Which of the following is an example of a quasi-public good?
hard Q9 of 15
Step-by-Step Solution
Step 1: Understand quasi-public goods
Quasi-public goods have some but not all characteristics of public goods; they are excludable but non-rivalrous or partially rivalrous.Step 2: Analyze options
National defense and street lighting are pure public goods (non-excludable, non-rivalrous). Clean air is a common resource (non-excludable but rivalrous). Toll roads are excludable (users pay toll) but non-rivalrous up to capacity, making them quasi-public goods.Step 3: Why others are incorrect
National defense and street lighting are pure public goods, not quasi-public. Clean air is a common resource, not quasi-public.Final Answer:
Toll road → Option CQuick Check:
Quasi-public good = excludable but non-rivalrous ✅
Quick Trick: Quasi-public goods mix public and private good traits.
Common Mistakes:
MISTAKES- Confusing pure public goods with quasi-public goods.
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